Suncor Energy (SU) Projected to Post Earnings on Wednesday

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU will likely be posting its Q4 2024 quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Suncor Energy to post earnings of $0.82 per share and revenue of $13.44 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Suncor Energy (NYSE:SU - Get Free Report) TSE: SU last issued its quarterly earnings data on Wednesday, February 5th. The oil and gas producer reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.07. Suncor Energy had a return on equity of 15.67% and a net margin of 15.19%. On average, analysts expect Suncor Energy to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Suncor Energy Trading Down 0.7 %

Shares of Suncor Energy stock traded down $0.26 during midday trading on Thursday, reaching $38.44. 4,532,565 shares of the company's stock traded hands, compared to its average volume of 4,443,583. The company has a market cap of $47.84 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12. The stock has a 50 day moving average of $37.67 and a 200-day moving average of $38.54. Suncor Energy has a 12 month low of $31.25 and a 12 month high of $41.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 1.59.

Suncor Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 4th will be given a $0.399 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.15%. Suncor Energy's dividend payout ratio is 46.67%.

Analysts Set New Price Targets

Several analysts have commented on SU shares. Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price objective on shares of Suncor Energy in a report on Tuesday, January 7th. Morgan Stanley lowered Suncor Energy from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 16th. StockNews.com upgraded Suncor Energy from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. Finally, Desjardins upgraded shares of Suncor Energy from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Suncor Energy has a consensus rating of "Moderate Buy" and an average price target of $58.00.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.